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EIN 54-1754009

Locus Impact Fund

IRS 501(c) type
501(c)(3)
Num. employees
115
City
Christiansburg
State
Virginia
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
S31: Urban, Community Economic Development
Description
Virginia Community Capital offers innovative and flexible financial products to support housing, community development ventures, increase jobs, and build sustainable communities. VCC provides loan capital that goes beyond bank lending to projects that aid community development through loans, loan guarantees, and other forms of debt or equity financing for community and business organizations. Additionally, they offer training and technical assistance to business owners and managers.
Also known as...
Virginia Community Capital
Total revenues
$9,556,651
2022
Total expenses
$5,097,939
2022
Total assets
$68,117,321
2022
Num. employees
115
2022

Program areas at Locus Impact Fund

Aid community development py providing loans, loan guarantees and other forms of debt or equity financing for community and business organizations, as well as to provide training and technical assistance to business owners and managers.

Who funds Locus Impact Fund

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Community FoundationEconomic Prosperity$2,175,000
Appalachian Community Capital Development FoundationBusiness Development in Appalachia$100,000
The Thompson Charitable FoundationProgram Support$83,333
...and 3 more grants received

Personnel at Locus Impact Fund

NameTitleCompensation
Amir KirkwoodPresident and Chief Executive Officer$143,185
Clyde CornettBoard Member$66,766
James BaekExecutive Director$0
Jessica AlleyDirector of Information Technology$36,862
Jane HendersonPast Chief Executive Officer and President , VCC , Inc. / President and Chief Executive Officer and Director$113,232
...and 25 more key personnel

Financials for Locus Impact Fund

RevenuesFYE 12/2022
Total grants, contributions, etc.$6,626,276
Program services$2,297,394
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$2,008
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$630,973
Total revenues$9,556,651

Form 990s for Locus Impact Fund

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-15990View PDF
2019-122021-04-02990View PDF
2018-122020-01-27990View PDF
...and 9 more Form 990s

Organizations like Locus Impact Fund

OrganizationLocationRevenue
Midwest Minnesota Community Development CorporationDetroit Lakes, MN$6,318,095
Ohio Community Development Finance FundColumbus, OH$9,454,085
Community Loan Fund of New JerseyNew Brunswick, NJ$18,328,900
Washington Area Community Investment FundWashington, DC$7,616,507
Mountain AssociationBerea, KY$6,043,653
Coastal Enterprises (CEI)Brunswick, ME$13,614,519
PeopleFundAustin, TX$11,186,466
Landmarks Community Capital CorporationPittsburgh, PA$2,614,691
I2eOklahoma City, OK$6,662,200
Florida Community Loan Fund (FCLF)Orlando, FL$15,185,807
Data update history
January 23, 2024
Updated personnel
Identified 14 new personnel
January 16, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 27, 2023
Received grants
Identified 2 new grant, including a grant for $2,175,000 from The Community Foundation
December 4, 2023
Updated personnel
Identified 22 new personnel
September 26, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from Appalachian Community Capital Development Foundation
Nonprofit Types
Grantmaking organizationsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic developmentBusiness and industry
Characteristics
State / local levelReceives government fundingTax deductible donationsAccepts online donations
General information
Address
110 Peppers Ferry Rd NW
Christiansburg, VA 24073
Metro area
Blacksburg-Christiansburg, VA
County
Montgomery County, VA
Website URL
locusimpact.org/about/ 
Phone
(540) 260-3126
IRS details
EIN
54-1754009
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
522120: Savings Institutions
Parent/child status
Central organization
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